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Archive
- 11/8/2024 -
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PUBLIC STORAGE (PSA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the PUBLIC STORAGE (PSA). During the week, the PSA gained 15.70 points, or 4.85%, and closed at 339.40 on Friday, November 8, 2024. It was the best weekly gain since August 23, 2024. Weekly volume was 28% above average.
 Long-term trend: [See PSA long-term trend chart]
A long-term uptrend had started on October 31, 2023 at 233.18 and reached 369.99 on October 1, 2024. PSA gained -136.81 points, or -58.67%, in 48 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 280.92 and resistance is at 378.59. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See PSA medium-term trend chart]
A medium-term uptrend had started on May 1, 2024 at 256.31 and reached 369.99 on October 1, 2024. PSA gained -113.68 points, or -44.35%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 305.52 and resistance is at 393.82. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See PSA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See PSA short-term trend chart]
A short-term downtrend had started on October 1, 2024 at 369.99 and reached 317.10 on November 6, 2024. PSA lost 52.89 points, or 14.29%, in 36 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (317.97) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
Daily Technical Indicators: [See PSA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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